Al Baraka Bank of Egypt has provided an instrument called the Al Baraka Sukuk, which is an instrument that lasts up to 10 years, and which gives one of the highest returns on savings certificates in Egyptian banks, at a rate of up to 18%. The customer returns four times a year at 10.25% and returns twice a year at 10.5%, while the annual returns are 11%. As for the cumulative return that is paid at the end of the 10 years, it is 18%. So let’s assume that one of the clients deposits an amount of 100 thousand In the Al Baraka deed in Al Baraka Bank, he will eventually estimate his cumulative return at EGP 180,000.
Al Baraka Bank Egypt offers an investment certificate with the highest return
Al Baraka Bank has provided a certificate called Al Baraka Golden Certificate, which is a certificate that lasts for 3 years and returns a return of up to 14% per month. It has also provided instant certificates that last for 3 years with a return of up to 10% that is disbursed four times during the year. A return of up to 10.5% is paid once a year, and another 12% is paid at the end of the certificate period.
In addition to this, Al Baraka Bank has presented a certificate called “Long Live Egypt Triple Certificate”, which is characterized by a four-time return of 10% during the year, a four-year certificate with a monthly return of 10%, and a quinquennial certificate with a return disbursed once a year at 10%, and one Seven has a cumulative return of 11.5%.
Minimum purchase of the instrument of blessing and how to apply it
Al Baraka Bank mentioned that if you want to buy the Al Baraka Deed, the minimum amount is 1,000 EGP and its multiples. Also, the customer can bid on the amount as he wants without a maximum limit. In the case of actually buying the Al Baraka Deed, the return is calculated immediately on the day following the purchase. Likewise, if the customer decides to spend the return cumulatively, he can spend 50% of the return percentage upon the lapse of 5 years from the time of purchase.
